Euro CMBS Teams Feeling Subprime Squeeze

15 Apr 2008

Commercial mortgage-backed securities teams across major European banks will be downsized substantially over the next two weeks and possibly into May, according to market chatter.

--Cristina Pittelli

Commercial mortgage-backed securities teams across major European banks will be downsized substantially over the next two weeks and possibly into May, according to market chatter. The units, which have been struggling since the credit crunch began, are more expendable to banks than residential mortgage-backed securities teams, which ...

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